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102 N Holliston Avenue

Pasadena, CA 91106
  • $4,980,000
  • STATUS: ACTIVE
  • ON SITE: 152 Days
  • ID#: AR23121674
$4,980,000
  • 6
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

102 N Holliston Ave, a rare gem in the heart of Pasadena, where prime location meets incredible potential. Welcome to 102 N Holliston Ave, an exceptional 11-unit apartment building that presents a lucrative value-add opportunity for savvy investors. Situated in one of Pasadena's most desirable neighborhoods, this property enjoys proximity to two renowned educational institutions - the prestigious CALTECH and Pasadena City College (PCC). With a constant influx of students, faculty, and staff seeking convenient housing options, 102 N Holliston Ave offers an ideal location for long-term tenant retention and consistent rental demand. This well-maintained apartment complex presents an excellent canvas for value-add enhancements. With a creative vision and strategic renovations, buyer has the opportunity to elevate the property's value and maximize the returns. Explore the potential for upgrading individual units, enhancing common areas, and implementing modern amenities to attract discerning renters seeking a comfortable, contemporary lifestyle. The property was built in 1959 and situated on southeast corner of Holliston Ave and Union St. It has a total of 7,492SF building size and is situated on a large 15,382SF R4 lot. It offers an excellent unit mix of one (1) 3-bedroom+2-bathroom, two (2) 2-bedroom+1-bathroom, and eight (8) 1-bedroom+1-bathroom units. 4 out of 11 of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, state of the art mini-split HVAC systems, new kitchens which inclu 102 N Holliston Ave, a rare gem in the heart of Pasadena, where prime location meets incredible potential. Welcome to 102 N Holliston Ave, an exceptional 11-unit apartment building that presents a lucrative value-add opportunity for savvy investors. Situated in one of Pasadena's most desirable neighborhoods, this property enjoys proximity to two renowned educational institutions - the prestigious CALTECH and Pasadena City College (PCC). With a constant influx of students, faculty, and staff seeking convenient housing options, 102 N Holliston Ave offers an ideal location for long-term tenant retention and consistent rental demand. This well-maintained apartment complex presents an excellent canvas for value-add enhancements. With a creative vision and strategic renovations, buyer has the opportunity to elevate the property's value and maximize the returns. Explore the potential for upgrading individual units, enhancing common areas, and implementing modern amenities to attract discerning renters seeking a comfortable, contemporary lifestyle. The property was built in 1959 and situated on southeast corner of Holliston Ave and Union St. It has a total of 7,492SF building size and is situated on a large 15,382SF R4 lot. It offers an excellent unit mix of one (1) 3-bedroom+2-bathroom, two (2) 2-bedroom+1-bathroom, and eight (8) 1-bedroom+1-bathroom units. 4 out of 11 of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, state of the art mini-split HVAC systems, new kitchens which include new cabinets, new modern quartz countertops (w/ small breakfast counter), and new stainless-steel appliances (gas range, refrigerator, dishwasher, wine cooler, and kitchen vent hood), new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures, and new led lighting in living room, bedroom and kitchen area, mirrored closet doors. These 4 units have an in-unit laundry machine (seller provided). Each unit has a private balcony/semi-private patio. There are 12 parking spaces provided by a detached carport and tuck-under parking in the back. There is a shared laundry area in the parking area. Each unit is separately metered for gas and electricity and serviced by central water heaters.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
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102 N Holliston Avenue Pasadena, CA 91106

  • Price: $4,980,000
  • Status: ACTIVE
  • On Site: 152 Days
  • ID#: AR23121674
6
Beds
0
Baths
0
½ Baths
0.35
Acres
Neighborhood:
Caltech And Pcc
County:
Los Angeles
Area:
Pasadena (91106)
Property Description
102 N Holliston Ave, a rare gem in the heart of Pasadena, where prime location meets incredible potential. Welcome to 102 N Holliston Ave, an exceptional 11-unit apartment building that presents a lucrative value-add opportunity for savvy investors. Situated in one of Pasadena's most desirable neighborhoods, this property enjoys proximity to two renowned educational institutions - the prestigious CALTECH and Pasadena City College (PCC). With a constant influx of students, faculty, and staff seeking convenient housing options, 102 N Holliston Ave offers an ideal location for long-term tenant retention and consistent rental demand. This well-maintained apartment complex presents an excellent canvas for value-add enhancements. With a creative vision and strategic renovations, buyer has the opportunity to elevate the property's value and maximize the returns. Explore the potential for upgrading individual units, enhancing common areas, and implementing modern amenities to attract discerning renters seeking a comfortable, contemporary lifestyle. The property was built in 1959 and situated on southeast corner of Holliston Ave and Union St. It has a total of 7,492SF building size and is situated on a large 15,382SF R4 lot. It offers an excellent unit mix of one (1) 3-bedroom+2-bathroom, two (2) 2-bedroom+1-bathroom, and eight (8) 1-bedroom+1-bathroom units. 4 out of 11 of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, state of the art mini-split HVAC systems, new kitchens which inclu 102 N Holliston Ave, a rare gem in the heart of Pasadena, where prime location meets incredible potential. Welcome to 102 N Holliston Ave, an exceptional 11-unit apartment building that presents a lucrative value-add opportunity for savvy investors. Situated in one of Pasadena's most desirable neighborhoods, this property enjoys proximity to two renowned educational institutions - the prestigious CALTECH and Pasadena City College (PCC). With a constant influx of students, faculty, and staff seeking convenient housing options, 102 N Holliston Ave offers an ideal location for long-term tenant retention and consistent rental demand. This well-maintained apartment complex presents an excellent canvas for value-add enhancements. With a creative vision and strategic renovations, buyer has the opportunity to elevate the property's value and maximize the returns. Explore the potential for upgrading individual units, enhancing common areas, and implementing modern amenities to attract discerning renters seeking a comfortable, contemporary lifestyle. The property was built in 1959 and situated on southeast corner of Holliston Ave and Union St. It has a total of 7,492SF building size and is situated on a large 15,382SF R4 lot. It offers an excellent unit mix of one (1) 3-bedroom+2-bathroom, two (2) 2-bedroom+1-bathroom, and eight (8) 1-bedroom+1-bathroom units. 4 out of 11 of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, state of the art mini-split HVAC systems, new kitchens which include new cabinets, new modern quartz countertops (w/ small breakfast counter), and new stainless-steel appliances (gas range, refrigerator, dishwasher, wine cooler, and kitchen vent hood), new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures, and new led lighting in living room, bedroom and kitchen area, mirrored closet doors. These 4 units have an in-unit laundry machine (seller provided). Each unit has a private balcony/semi-private patio. There are 12 parking spaces provided by a detached carport and tuck-under parking in the back. There is a shared laundry area in the parking area. Each unit is separately metered for gas and electricity and serviced by central water heaters.
Exterior Features

Parking Garage Desc Unit1 Assigned Pool N/K Spa N/K Topography Level

Interior Features

Cooling Wall/Window Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Units With Cooling 11 Units With Range Oven 11 Units With Refrigerators 11

Property Features

Actual Cap Rate 3.79 Annual Expense Actual 91165 Assessments Yes/Remarks Buildings 1 Cfd Mello Roos Fee 2570.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 17.44 Gross Scheduled Income Actual 285617 Home Owners Fees 0.0 Monthly Total Fees 214 Possession Close of Escrow Tenant Pays ElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 2059.0 Unit2 Rent Actual 1967.0 Unit3 Rent Actual 2115.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Han Chen of Growth Investment Group Pasade: 626-224-2495. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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